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Contra entry with example?
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Answer / shulka
cash deposited in HDFC BANK
BANK A/C -------------------Dr
TO CASH A/C--------------Cr
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / ramesh
i am ramesh. i have completed M.B.A. New entry of the tally ERP
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / inderjeet
even cash withdrawal from bank or cash deposit in bank
will always contra entry
example deposit cash into bank 10000/-
entry:
bank dr.10000/-
cash cr.10000/-
its contra entry.
withdrawal from bank 10000/-
cash dr.10000/-
bank cr.10000/-
also contra entry
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / md. alamgir hossain
When you receive any cash from clients to buy share by your
brokerage house. You need to make contra entry in your A/C
system like.
Dr to cash A/C
Cr to clients A/C
One more entry you need do when you deposit cash in bank
Cr to cash A/C
Dr to Bank A/C
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / venkat
Contra entry means....when we compare the both book like
cash book and bank book entry's.
See easily understand -
we have cash book... when we deposit the money -cash book
value wil be decrease ( Credit) bank book value wil be
increse( debit).
As wel as same process when we withdraw the cash our cash
book value wil be increase(debit) and bank book value wil be
decrease( credit).
so finally observe those entry's we have to post the contra
entry's when we dealing with bank transactions.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / yoonus khan
if cash withdraw from bank for Rs. 2000
in bank books
cash A/c Dr 2000/-
TO Bank A/c 2000/-
if Cash Deposit in bank for Rs. 5000/-
in bank books
Bank A/c Dr 5000/-
To Cash A/c 500/-
| Is This Answer Correct ? | 4 Yes | 1 No |
hdn Systems Pvt. Ltd., manufactures a consumer durable which passes through two processes M and N. From the following details prepare necessary process ledger accounts bringing out clearly the cost of the product at each stage. Process ‘M’ Process ‘N’ Materials (Rs.) 30,000 3,000 Labour (Rs.) 10,000 12,000 Overheads (Rs.) 7,000 8,600 Input (units) 20,000 17,500 Normal loss 10% 4% Scrap value of loss (per unit) Re. 1.00 Rs. 2.00 There is no opening or closing W-I-P or stock at processes. Final output from the process ‘N’ was 17,000 units
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